The D113 $89M referendum narrowly passed in April 2013 by a 52% to 48% vote. HOWEVER:





...and District 113 does not need to borrow $89 Million

The following comes from District 113's own books:

1. District 113 took in over $107 Million in 2012 REVENUE (page 7)
(This is over $28,000 per student)

2. District 113 had over $95 Million in CASH ON HAND (page 13)

3. District 113 had UNRESTRICTED reserves of 46.9 Million (page 6) and could spend $25 Million NOW without jeopardizing its AAA rating

4. District 113 added $7M to unrestricted reserves each year for the past two years

5. District 113 has already indicated that it can spend $5 Million per year from current funds (page 6)

District 113 could easily fund the $60 Million Education First plan by applying $25 Million from reserves and $7M per year over the next 5 years WITHOUT ANY REFERENDUM AT ALL





What is in District 113's new plan?
  • $19.6M Two new pools each with diving wells
  • $21.2M Two new gyms with 5 new basketball courts
  • $29.9M New HVAC - Air Conditioning
  • $18.8M Tear down and replace  historic "C" Building
  • $7.3M Repurpose the historic "B" Building
  • $8.8M Technology and library/courtyard
  • $1.6M Security and Fire Protection
  • $7.2M Plumbing, electrical and lighting
  • $2.5M Other ADA Compliance and Physical Education
  • $3.5 Windows
District 113 Did Not Need a Referendum
District 113 Does Not Need to Borrow $89 Million.

Bring the project in for less (25% is for contingencies).
Use some reserves.
Reduce our property taxes!
April 2013 Election Results

Yes:  8156 52%
No:   7414 48%

Needed 372 yes voters to have voted no.